New Balance Expands Maine Manufacturing Facility With $65 Million Investment

URLhttps://footwearnews.com/2022/business/retail/new-
SourceFootwear News
Date Published12/14/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name New Balance
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):65
City reshored to:Skowhegan
State(s) reshored to:ME
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredathletic footwear
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Image/brand
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